In the instructions for Sched B, it states:
"Purpose of Form Use Schedule B if any of the following applies. ? You had over $1,500 of taxable interest or ordinary dividends."
I take the "or" to mean if I had $1499 of each ($ 2998 total of the
2), a Sched B would *not* be required.Am I correct ??
That's how I read it.
I (not a tax professional) think so, too. Don't forget, you still have to report that income on Form 1040 (I think Lines 8 and 9).
That's how I read it. ====Exactly $3,000 ($1,500 of each) doesn't mandate the form either. It says "over", not "at least."
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.